GLENDALE, Calif.—IHOP Corp. (NYSE: IHP), the operator of the International House of Pancakes restaurant chain, is spreading into Eastern Canada with the announcement of an Ontario franchisee.
IHOP said Monday that Pancakes Canada Ltd., controlled by the Alfieri Group, a longtime operator of Italian-themed family restaurants in Niagara Falls, Ont., will develop three IHOP locations over five years in the Niagara region and Barrie, Ont.
IHOP said it signed agreements covering a total of 20 new franchise locations during the third quarter, adding to its roster of 1,278 restaurants in the United States and British Columbia.
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